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15-Jan-2020 19:14

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I really don't understand what's the pleasure of regularly following blogs from the other side of political spectrum.

Go read Daily Komunist, please Unfortunately for me and fortunately for him, it is not the size of our bank accounts.

As I explained in this post, one businessman - politically connected developer Gregory Wasser - used the the threat of condemnation to try to force two other businessmen to pay him 0,000 or give him a 50% stake in their business.

When they refused, the local government used the power of eminent domain to transfer their land to Wasser, as the latter demanded.

"Started in 2002, the Bastiat Prize was inspired by 19th-century French philosopher Frédéric Bastiat’s compelling defence of liberty and eloquent explanations of complex economic issues.

Judges have included former UK Chancellor Lord Lawson, Pulitzer prize-winning author Anne Applebaum, former Bastiat Prize winner and best-selling author Amity Shlaes, Lady Thatcher and Nobel laureates James Buchanan and the late Milton Friedman." "Last year’s competition" -- which didn't include an Online Journalism category -- "attracted over 250 entrants from more than 50 countries.

For reasons I discuss in this article, eminent domain is often used to transfer to take the property of the politically weak for the benefit of the powerful (often including influential businesses).

But it would also be a mistake to view pro-property rights decisions as "anti-business." After all, many of the victimized property owners are themselves businesspeople, as was true in Didden, Poletown, Kelo, and many other cases.

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I understand the tremendous pressure she was under, but I suspect she would have been much more likely to win if she had shown the audience something new.

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We'd naturally prefer if it wasn't very expensive, but if it costs some money to do this right, we'll likely be happy to spend it.

This recent New York Times article discussing Sonia Sotomayor's rulings in property rights and regulatory cases is just one of many examples of this fallacy. anti-business approach to these cases makes little sense.

The article analyzes the decisions from the standpoint of trying to determine whether she falls into "a pro- or anti-business camp." In the process, author John Schwartz cites Sotomayor's ruling against property rights in the Didden case as an example of an anti-business ruling, while claiming that her pro-property rights decision in Krimstock v. In Didden, there were business interests on both sides.

One of my longstanding peeves is that property rights and economic regulation cases are often depicted as pitting "pro-business" interests against an "anti-business" or pro-consumer camp.